Knack Packaging Limited
Knack Packaging Limited is a mainboard IPO offering an integrated flexible packaging solution with a combination of fresh issue and OFS, totalling ₹439.50 crores, set to open for subscription from July 1 to July 3, 2026.
Overview
About the Company
Founded in 2013 and headquartered in Ahmedabad, Gujarat, Knack Packaging Limited is an integrated packaging solutions provider with a strong focus on innovation, exports, and sustainability. The company manufactures Printed and Laminated Woven Polypropylene (PLWPP) bags in various formats, including pinch bottom, gusset, block bottom, and retail shopping bags, serving industries such as food, pet food, agriculture, fertilizers, cement, chemicals, detergents, and building materials. As of Fiscal 2025, the company held approximately 10.1% of the Indian flexible bulk PLWPP bag market. It serves over 1,950 customers across 68 countries, including notable Indian clients like KRBL Limited and DCM Shriram Limited, as well as international brands like Cargill and Cristo S.A. The company operates four manufacturing facilities in Gujarat, maintains an in-house printing facility with over 73,000 printing cylinders, and manages 13,379 SKUs. Its South African subsidiary handles imports and sales. As of Fiscal 2026, the company employed 1,834 people including contractual workers.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Partial financing of capital expenditure required for establishing a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat — estimated at ₹320.00 crores
- › Allocation towards general corporate purposes
✅ Strengths
- ✓ Achieves high operational efficiency through fully integrated and digitised manufacturing processes
- ✓ Capable of producing complex product designs with a high degree of precision and accuracy
- ✓ Delivers customer-focused, customised packaging solutions tailored to specific client requirements
- ✓ Maintains a strong presence in both Indian and international markets, serving a wide range of industries
- ✓ Led by an experienced and skilled management team and Board of Directors
- ✓ Offers a diversified portfolio of specialised flexible packaging products across multiple end-use industries
- ✓ Operates four manufacturing facilities with export capabilities backed by a South African subsidiary
- ✓ Sustains independent supply and demand by not relying on a concentrated set of suppliers or customers
- ✓ Pursues sustainable manufacturing through the use of renewable energy, recycled materials, and wastewater recycling
- ✓ Has earned multiple industry recognitions for excellence in exports and packaging innovation
⚠️ Risks
- ! A substantial share of revenues is concentrated among existing and select key customers, and their departure could materially impact business performance
- ! The company sources key raw materials from suppliers without long-term contractual commitments, which may affect supply continuity
- ! Any delays or cost escalations in establishing the new manufacturing facility could hinder growth and adversely affect financial outcomes
- ! The company's insurance coverage may be insufficient to cover all potential losses arising from product liability claims, terrorism, or business interruption
- ! Certain manufacturing facilities and the registered office are situated on leased land, and failure to renew leases or secure alternative premises could disrupt operations